Martin Lundin, CEO and President of Perstorp, comments:
“Perstorp’s business model has proven successful over the past years, in particular following the decisive measures implemented at the start of the economic downturn. With our leadership positions in key products and our track record in innovation and new product development, Perstorp is ideally positioned to emerge a stronger company as the business climate recovers. Perstorp has experienced a steady increase in business activity since March 2009”.
Lennart Holm, partner at PAI partners and Vice Chairman of Perstorp’s Board of Directors states:
“We are pleased to have reached a shared and constructive solution with lenders to strengthen Perstorp. PAI’s tradition is to support the development of its portfolio companies. Perstorp has proven its ability to manage a severe business climate and we are keen to continue developing Perstorp further for the benefit of all stakeholders”.
Perstorp’s full year report for 2009 is scheduled to be published in February 2010.